The @LAO_CA even said exactly this 4 years ago now. Having the argument over and over and over again is excruciating! https://lao.ca.gov/reports/2015/finance/housing-costs/housing-costs.pdf …
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Typical academic living around his campus bubble. Who does he think made Cupertino?
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Address the housing problem from the top of the market and the bottom of the market... otherwise you end up with a community that is super-privileged and super-subsidized... with nothing in between.
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The median price of a home in the US is about $200K-$250K. There is nothing "super privileged" or "super subsidized" in the communities where these prices prevail. Sure, there are places where the very well-off end up, but there are only a few places like that.
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You can't have more supply without more land. There is a million acres right on the other side of the bay that is federal land. Turn it into communities.
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Sprawl is not a solution (or a necessity). Santa Clara County needs more homes and already has plenty of land to build them on.
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You can’t reshape the market to help the low income with housing until you resolve the supply shortage first. Anything done while there’s a shortage is just a roundtable roulette for the upper income. That’s the reality.
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We need to make it so that there’s so much supply landlords are struggling to fill vacancies. It needs to be a buyers market, not a sellers market, if we want to break this unaffordability crisis.
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Truth
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